Pashabxl

WTI: Crude oil may go bellow 47.74 but not for a long time.

NYMEX:CL1!   Light Crude Oil Futures
468 2 5
At the present time, we do have in the market, and enormous amount of oil             with a demand that is rather low. Even during the worst time of the financial crises, WTI did not cross the 0,764 Fib retracement. At the present time, oil             can go even towards 45. But I do not think that this is a long lasting level.
Crude may progressively go back towards 60-67 after reaching its lowest low. Of course if all this price level is not the first sign of a forthcoming economic crises or an economic correction
which stock is the best for oil to be bought at this stage?
Reply
I would talk in term of stocks but rather in terms of Oil tracker .
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out